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this going as well as it is because it's really a commitment to the economy of the whole region as to this particular project. having said that, the super bowl bid is an incredible thing and the strength of our bid is a collaboration of this whole region. this is how we think we will win this bid. this is not for any one particular city, it's us working together. not only on transportation issues, not only on cites, but all the hospitality that we have set. i want to thank all the regionals for working together. we want that super bowl xv very badly. we think we have the greatest opportunity to work for it and not only to win that bid, but to get ourselves in an incredible rotation for other super bowl hosting. we look at this long-term and it's the reasonable approach that will give us the strengths for the nfl to take into consideration. i want to be thankful for all the regions mayor's for joining us and the 49er organization. they brought us together at this time. it's going to be a great thing for san francisco. thank you. >> thank you for coming out. this is an amazing sit
home building numbers today too. >> that too. we're in a niche market. the u.s. has had their economy outperform other economies and i think it's a flight to safety relative to the u.s. markets on one hand and it's an unwind from the bond market and risk exposure going forward to rate changes on the other hand. so it's both a flight to safety as well as, you know, what's really going on domestically and people are looking at a twist now with the fed and what their posture will be heading forward. >> i'll be back, adobe earnings at the top of the hour. >> take care, maria. >> what do you think? we're finishing positive here. this market doesn't want to go up? you think some of that's short covering? >> i think that's what we're see right now. finishing up the day. right now people will have to play it cautiously. we haven't seen the end of the cyprus thing. we have some negotiating going on from russia. the impact of that, as you mentioned, is a little minor relative to the size and scope of them, but it's whether or not that moves into italy, spain, as we've all been talking about. >>
at the hp pavilion ahead of tomorrow's slate of games. >> the fans equal a win for san jose's economy. monte francis live in san jose where you spoke to downtown businesses with more on the economic impact. good morning, monte. >> marla, good morning. in 2010, this tournament generated about $20 million for san jose's economy. expectations this time around are just as high. as you said, college basketball fans from across the country flying into san jose for the tournament. hotels, bars, restaurants in downtown san jose are hoping to recover some of the money they lost with nhl lockout this past season. we're told right now many hotels in san jose are fully booked. when it comes to ncaa's impact on the local economy, there is a trickle down effect. the ceo of the san jose silicon valley chamber of commerce says when the hotels are booked, that translates to more revenue for restaurants, bars, and cafes. >> the expectations are always high. obviously the economic impact can vary. i think the numbers we heard from 2010 were about $20 million in economic impact. so whenever you can bring people
for the sake of balance, my goal is how do we grow the economy, put people back to work? and if we do that we are going to be bringing in more revenue. >> patty murray will unvail the democrats budget plan and the white house says president obama will release his budget the week of april 8th. also today president obama will meet with ceo's from major companies to get their input on how the government and private sector can best work together to improve cyber security. coming up why the director of national intelligence says cyber attacks now pose more of a threat to the u.s. than a terrorist attack. >>> time now 5:07. let's check in with sal. already we are following fog and crashes a busy morning. >> it is busy already. pam, welcome back. the traffic is moving along pretty well if you are driving in many areas. but it's foggy. i can show you the east shore freeway. if you look at the screen you can see is cars moving through. very thick fog. when you two to the toll plaza just a little bit away you can see fog here. not a lot of traffic yet. but mark and i will be the fog brothers this morni
the economy, put people back to work? and if we do that we are going to be bringing in more revenue. >> patty murray will unvail the democrats budget plan and the white house says president obama will release his budget the week of april 8th. also today president obama will meet with ceo's from major companies to get their input on how the government and private sector can best work together to improve cyber security. coming up why the director of national intelligence says cyber attacks now pose more of a threat to the u.s. than a terrorist attack. >>> time now 5:07. let's check in with sal. already we are following fog and crashes a busy morning. >> it is busy already. pam, welcome back. the traffic is moving along pretty well if you are driving in many areas. but it's foggy. i can show you the east shore freeway. if you look at the screen you can see is cars moving through. very thick fog. when you two to the toll plaza just a little bit away you can see fog here. not a lot of traffic yet. but mark and i will be the fog brothers this morning.
lots of money into local economies. >> the san francisco controller's office came out with a report last year that said $4.2 billion was pumped into the san francisco economy from the nightlife directly. >> it would probably be bad for, like, police enforcement, those having to do their job more. >> there's a school of thought goes, wait a minute, there's nothing good that happens after 2:00. [ laughter ] >> i don't know. a lot of good things happen after 2:00! [ laughter ] >> reporter: just so it's clear, the law as it stands now allows some places to stay open until 4:00 am. they just have to cut off alcohol at 2:00 am. back here, they have to cut it off at 2:00 am, and everybody has to go home at 1:00 am. >> so are people worried that by keeping the bars open longer, it may lead to more problems like fighting and even duis? >> reporter: that is a good question. and the senator said they looked at the scientific data in other cities that do this, las vegas, and new orleans, and there are no facts to support what you might suppose, that there is an uptick in traffic wrecks and deat
the bay area economy. >>> one golfer with quite a hole in one. he fell into a sink hole. we have details of how he survived. [ male announcer ] subway introduces the new $3 six-inch select! this march, we're kicking things off with the low fat oven roasted chicken $3 six-inch select. it's available all month long as one of our march featured values, the newest way to enjoy subway every day! subway. eat fresh. >>> welcome back to the ktvu channel 2 morning news. actually a pretty good retail report coming in this morning. but the dow down just about 24 points. the nasdaq and s & p also down a quarter of a percent. >>> time now 6:55. this firey explosion this morning in a louisiana bayou. four people were hurt. a tug boat hit a gas pipeline. that tug boat was pushing an oil barn last night about 30 miles south of new orleans. both of the vessels were engulfed in the flames when the boat hit the pipeline. four people on the tug boat were treated for injuries. one suffered severe burns. >>> back here at home fire repairs on berkeley's famous restaurant may take a lot longer than expected. cr
yacht race. how it will effect the bay area economy. >>> one golfer with quite a hole in one. he fell into a sink hole. we have details of how he survived. [ male announcer ] subway introduces the new $3 six-inch select! this march we're kicking things off with the low fat oven roasted chicken $3 six-inch select. it's available all month long as one of our march featured values, the newest way to enjoy subway every day! subway. eat fresh. >>> welcome back to the ktvu channel 2 morning news. actually a pretty good retail report coming in this morning. but the dow down just about 24 points. the nasdaq and s & p also down a quarter of a percent. >>> time now 6:55. this firey explosion this morning in a louisiana bayou. four people were hurt. a tug boat hit a gas pipeline. that tug boat was pushing an oil barn last night about 30 miles south of new orleans. both of the vessels were engulfed in the flames when the boat hit the pipeline. four people on the tug boat were treated for injuries. one suffered severe burns. >>> back here at home fire repa
stimulus continues to help the economy and lists believe he is likely to say the economy is better than it was weeks ago but he could mention the bailout to point out the risky economic situation. >>> hostess can sell and now a bankruptcy judge approved a deal and they still have to decide on the sale of other hostess brand including devil dogs and ring kings. >>> there is a new report about sugary drinks and where they rank for a health problem in the united states. >>> and we have a colorful celebration in the bay area, stay tuned for more news weather and traffic. . >>> carnival triumph was crippled by an engine fire leaving more than 4,000 people stranded but they will not be back until june 15th which means an extra 10 cruises will be canceled. >>> san francisco attorney wants the federal government to crack down on energy drinks. they are urging the fda to require the amount of caffeine to the put on the label. five deaths have been linked to the drinks and the company that makes the drinks say it is safe. >>> they have linked obesity to sugary drinks and the number comes from the
could be stealing business from american companies, causing more problems for our economy. now, the president and the ceos today will come up with ways to share information and put a stop to the cyber attacks. this comes after the pentagon announced plans yesterday to increase cyber security for the country. we'll dig more into the plans when i see you next hour. live in washington, kyla campbell, ktvu channel 2 news. >>> 7:16. a sex offender will be moving into an east bay neighborhood despite protests from prosecutors. yesterday, a state appeals court approved the conditional release of 69-year-old charles crispman. he will be moving from a state hospital to a cottage on willow pass road in bay point. he sawyered time for a lewd act with a boy. he must wear an ankle monitor. >>> police are asking for the public's help in finding the man responsible for a sexual battery incident at one bay area campus. authorities say the assault happened in the wellness center at city college of san francisco just after noon on saturday. a female student was showering in a locked stall when s
for our economy. now, the president and the ceos today will come up with ways to share information and put a stop to the cyber attacks. this comes after the pentagon announced plans yesterday to increase cyber security for the country. we'll dig more into the plans when i see you next hour. live in washington, kyla campbell, ktvu channel 2 news. >>> 7:16. a sex offender will be moving into an east bay neighborhood despite protests from prosecutors. yesterday, a state appeals court approved the conditional release of 69-year-old charles crispman. he will be moving from a state hospital to a cottage on willow pass road in bay point. he sawyered time for a lewd act with a boy. he must wear an ankle monitor. >>> police are asking for the public's help in finding the man responsible for a sexual battery incident at one bay area campus. authorities say the assault happened in the wellness center at city college of san francisco just after noon on saturday. a female student was showering in a locked stall when she felt someone grab her from behind. po
committee took exception saying that the city had been played. >> the world economy collapsed. >> reporter: he says there wasn't enough money to field a bunch of challengers so the expected revenue from the teams is down from $215 million to just $57 million. buehl took on the task of trying to raise $32 million from private donors to offset city expenses but so far that effort is $8 million short of where it should be. the goal now? just raise enough to keep the city from losing money. >> i honestly believe if larry ellison wins itle be back and ten times as exciting with more times next time. >> would you ever volunteer for this job again? >> if i want to stay mare wouldn't.ried i >> reporter: you you heard steven barkley the head of the event authority saying he didn't like being accused of not doing the right thing. today's hearing may have helped serve to clear the air some. after the hearing he told me he now believes everybody is onboard. recording from the embarcadero, mark matthews, abc 7 news. >>> nice outside where mark was standing. hope you enjoyed the lovely weather because i
, he believes it could benefit the economy. >> given we compete nationally and internationally for conventions and visitors we're at a disadvantage because our cities zront this option. so that is all it is. imposes nothing on anyone. >> the bill would only apply to bars, restaurants and nightclubs. liquor store closing times will not change. >> news from mars making rounds this week. >> coming up next rover mission at >>> i'm ama daetz. reaction from the city for the historic selection. unique perspectives on the pontiff from local church leaders also a progress report on a fourth floor of the caldecott tunnel. features will make this a roadway. and the life of pi. the number not the movie and the unusual celebration for the math at that time matt cal content. those stories and more coming up at 6:00. dan, cheryl, back to you. >> we're looking forward to seeing that. >> coming up a big week for science and space lover autos a replica of the curiosity landed on the capitol this week. >> it's the same size as curiosity which is exploring mars. it also features first two rovers t
proposed that idea, because he says it will boost the local economy. amber lee is live in the city tonight, where some people think extending last call will bring some big headaches. and not just for those who are drinking. >> reporter: frank, we're inside tupelo in the northeast. an area known for its vibrant nightlife. the question is how will it affect businesses and residents. every drink that's poured is money that flows into the economy. the owner of tupelo bar and restaurant says two additional hours of alcohol service will make a difference. >> to allow businesses to maximize their ability to have profits, and san francisco in general, i think has always been a place for people to come for nightlife. >> reporter: if passed, it would allow cities to partner with the state to come up with a plan that would include community input in allowing certain establishments to serve alcohol until 4:00 a.m. supporters say currently, there are at least 25 cities, including chicago, new york, and washington, d.c. which allow alcohol service beyond 2:00 a.m. >> if there were enough employees that
, the big boost developers promise will give help to the local economy. >> the life of pie, a never-ending >> novato, oakland, and sunnyvale and all the bay area this is abc7 news. >> good morning. albany police concluded the investigation of a former middle schoolteacher accused of having sexual relationships with underage students. the 28-year-old committed suicide in october days after a parent went to police with concerns. our media partner, the "contra costa times", reports the popular teacher and coach engaged in sexual activity with two students. the six month investigation involved nine search warrants and 30 interviews. investigators found videos shot by the defendant that involved children. an attorney says the families plan to file claims against the school district. >> dedication ceremony will be held in san mateo to mark the opening of the new bay meadows urban village, the site of the old racetrack that closed 4 1/2 years ago is turned into 1,000 homes and 750,000 square feet of commercial space. demand for the condo is high that the developer is holding a lottery for
francisco state senator, mark leno has proposed that idea, because he says it will boost the local economy. amber lee is live in the city tonight, where some people think extending last call will bring some big headaches. and not just for those who are drinking. >> reporter: frank, we're inside tupelo in the northeast. an area known for its vibrant nightlife. the question is how will it fect businesses and residents. every drink that's poured is money that flows into the economy. the owner of tupelo bar and restaurant says two additional hours of alcohol service will make a difference. >> to allow businesses to maximize their ability to have profits, and san francisco in general, i think has always been a place for people to come for nightlife. >> reporter: if passed, it would allow cities to partner with the state to come up with a plan that would include community input in allowing certain establishments to serve alcohol until 4:00 a.m. supporters say currently, there are at least 25 cities, including chicago, new york, and washington, d.c. which allow alcohol service beyond 2:00 a.m. >>
encouraging news for the recession battered bay area economy. some good signs of recovery. there is some growth. exception is san jose. david louie joins to us explain. >> some are suffering from a case ever sagging supply and demand. the number of flights operating here as dropped for the past five years. down 3% just in the past year which led to a kor spending nearly 1% drop in passenger traffic. $1.3 billion went into building a terminal b modernizing terminal a. this gets high marks for appearance and convenience. >> it's clean, nice. fast. and i live in san francisco. and you can get back and north a cab. sometimes you get stuck in traffic. it's not faster. >> you can tell from a few shuttered restaurants that the expanded airport isn't operating anywhere close to capacity. eight million passengers flew and n.and out last year. a new common used lounge called the club is an example of the facilities built to draw more passengers. good news is that virgin america is coming to san jose in may. and al-nippon plans to resume tokyo flights. >> we have tremendous capacity here and we're
housing economy and these are good times for the south bay and now we have march madness on top of it. the games of course here at hp pavilion but ripple effects will be felt throughout downtown san jose. welcome to the ground floor of march madness. literally. crews hammering in the basketball court that will host teams from around the country here at hp pavilion while the cooking staff is prepared to handle the rush of basketball players, fans and officials. >> we anticipate being sold out for the next four nights with reservations and dinner parties. we have several private dining rooms that are also booked for officials and special dinners and things like that. >> reporter: downtown restaurants, hotels and other businesses will all benefit from the tournament. >> it's an honor for us to host this event again. >> reporter: while the arena which just had the floor shipped in from ncaa headquarters will have its moment in the spotlight too. >> it showcases itself well. it looks great on tv. we have a full service staff here that works with the ncaa. so those are the reasons why we're
. march madness is coming to town this week. we have a ground floor look at how this city and the economy is getting ready. there are renovation projects and then there is this. crews laying down the floor where march madness will happen inside hp pavilion. >> and a feather in the cap for this building. >> reporter: putting the arena in the national spot light with teams and fans from all over the country to follow. >> we are going to be showcasing our building on tv to a national audience. that is great exposure for the building and the city of san jose to showcase as not only a great athletic city but one of the great in the united states. >> reporter: the benefits will be felt outside hp pavilion. downtown san jose restaurants and hotels will be packed this week. >> we will be sold out starting tomorrow through saturday. >> reporter: as visitors pour money into a south bay economy that has been on a tech fuelled housing boosted roll. >> we anticipate being sold out with reservations and dinner parties. we have several private dining rooms booked for officials and special dinners and st
reserve said stimulus is still needed. the economy has become stronger after a pause late last year. more needs to be done. he says as long as inflation remains mild he plans to keep short term interest rates at record lows until unemployment falls to 6.5% and that's not expected to happen until 2015. >>> on wall street the comments helped drive the markets higher. the dow closed up almost 56 points. the nasdaq was up 25. the s&p was up more than 10 points. >>> growing concern over genetically engineered seafood. the significant step taken by some large u.s. retailers. >>> still a few light showers outside right now. you see the clouds. how long do they last and when do we warm up again? i'll have the time lines back in 10 minutes. l month long as one of our march featured values, the newest way to enjoy subway every day! subway. eat fresh. >>> some popular bay area supermarkets are pushing back against genetically-engineered seafood. alex savidge tells us about the safety concerns behind this growing national movement. >>> whole foods market an
avalos saying the city had been played. >> the world economy collapsed. >> he says there wasn't enough money so they expected teams from the teams is down from $215 million to just $57 million. buell took on the task of trying to raise $32 million to offset city expense buzz that effort is $8 million sort of what it should be. the goal now? just raise enough to keep the city from losing money. >> i believe that if larry ellison wins it it going to be back and more exciting next time. >> would you ever volunteer for this job again? >> if i want to stay married i won't. >> in that piece you heard steven barkley the head of the event authority saying he didn't like being accused of not doing the right thing. today's hearing may have served to help clear the air some. after the hearing barkley told me he believes everybody is on board. reporting from the embarcadero mark matthews abc 7 news. >> mark, thank you so much. >> there is a lot more still to come at 6:00. just ahead we're on the road to a better commute. live neeft bay hills with a look inside of the new caldecott tunnel. >> bicyc
at the national archives. >> "these cuts harm not help economy." to cuts in science research at the national lab president obama visited in illinois. >> "they don't trim the fat. they cut into muscle and into bone." >> reporter: talk to amanda harrison. whose husband john just lost the tuition assistance he receives from the marines. due to the automatic cuts. it's a program. that enticed him to join the marines in the first place. >> "you don't get to maintain a good job, i'm sorry, as a service member's wife. you know we give up a lot and this was a little something in return for everything we do." >> reporter: back at 1600 pennsylvania avenue. the students who wanted to get an up-close look of the white house. are getting a tour of broken government. >> "this is the people's house so we should have gone inside the house." >> reporter: a tour. that comes at a high price. >> "it's a terrible example to give these kids." >> reporter: "it's like breaking a promise." >> "it's like breaking a promise." jim acosta, president obama says arrangements may be worked out for some schools to re-book their
.4 billion in the economy and provide thousands of jobs. that has turned out not to be the case. san francisco taxpayers are getting left holding the bill. >> katie: he is lobbying ellison on online petition drive. >>> new this morning, san francisco residents could see a monthly garbage bill go up more by 21%. recology is asking for $6 a month from the typical household. a set of 32 bins would cost under $34 a month. apartment dwellers would pay less. a series of hearings begin next month with a final decision expected by summer. >>> this morning, pg&e says crews will be venting natural gas in san francisco. people in the cow hollow area may smell natural gas once the process begins. it will last 15 minutes. it's on lombard and fas gas service will not be interrupted. anyone concerned about smelling the gas can call them to verify the source. gas should quickly dissipate into the atmosphere. >> san jose is ramping up its police force. city officials are celebrating the first graduates in four years, police union members say the number is not enough. the story is from reporter tomas
on they are going to try to privatize it. we don't want that. we cannot allow that to happen. >> with the economy improving, we're seeing the mail coming back a little bit slowly. what we've lost is bill paying. people pay bills online. it's free, convenient. that won't come back. we've reacted in a responsible way. >> he said they never laid anyone off. they used buyouts and other methods to reduce manpower. they are looking into using smart phones, package delivery options, testing a system where say you order by 9:00 a.m. and get package delivered by noon, he says the postal will be viable for the next 10 years. reporting live, christie smith. >>> a memorial growing in santa rosa today for a 14-year-old boy killed in a crash at a raceway. the family of marcus johnson owns this muffler shop in santa rosa. friends bringing flowers and candles and balloons to the front door leaving messages of support for the family. he was killed saturday night when a car on the the raceway lost control and slammed into the pit crew. the car was driven by his 17-year-old cousin, chase johnson. >> this is a total
that they are concerned about their retirement savings, even in a rebounding economy. according to a new survey by the employee benefit research institute: 28% of americans are not confident about their retirement savings. the highest that numbers have been 23 years. more than double was back in 2007, when only 10 percent of americans were worried about having enough for their golden years. additionally, nearly half of the respondents say that they were either " not too confident " or " not at all confident " about the actual amount they have saved. surprisingly, a majority are reporting their savings and investments are less than $25,000, which many have been less than $1,000 available. >> a palestinian girl many view as a hero has returned to school for the first time, since she was attacked by television and militants. malala yousufzai shot in the head last october, because of her support for girls' education. she is not attending school in england, where she has been receiving medical treatment. she is excited to get back into the classroom. >> i want to learn how to bring a change in the w
growing economy. people trapped in poverty, we are showing our answers. >> ryan says the gop plan balances the budget without raising taxes. >> what do you hope to accomplish in these meetings? >> president obama met with senate democrats today. when the closed door meeting, but president obama discussed his second term goals. the president urged democrats to keep an open mind as they worked to cut spending. he'll head back to the hill tomorrow. democrats are scheduled to announce their budget proposal tomorrow for the first time in four years. >> nasa's mars rover curiosity has unearthed interesting new findings after drilling into the surface of the red planet. ktvu tells us the reason those findings may prop scientists to stop calling mars the red planet. >> nasa scientists now know that mars shouldn't be called a red planet anymore. the mars rover called curiosity drilled a hole into the planet and discovered what the red rusted exterior was hiding underneath. >> drilling down and hitting a completely different planet, really, a gray planet instead of a red planet was sur
they are being offered. >> this doesn't acknowledge the fact that there is inflation in the california economy. it doesn't acknowledge the fact that our wages are about 7500 dollars less than our leading peeshtion chicago similar funny and los angeles philharmonic. >>reporter: the average musician salary is 165,000 dollars a year. the union says basic pay is 142,000. management says they provide health care with no monthly contribution. the musicians say they pay for family member members. the similar funny says musicians get 10 week of paid vacation. they say they have other expenses including buying their own instruments that can cost hundreds of thousands of dollars. similar funny says the wage proposal would keep the 105 member orchestra among the top 3 nationwide. >> most talented musician in the world and we are hopeful we can reach an agreement that recognizes that and at the same time tl move our organization forward. >>reporter: at this press concert the musicians told us while the similar funny hasen document nearing 300 million an has given hefty bone to us management, they
believes it could also benefit the economy. >> we compete not only nationally but internationally for conventions and visitors and we are at a disadvantage because our cities do not have this option so that is all it is, imposing nothing on anyone. >> the bill would only apply to bars and restaurants and nightclubs and liquor store would not change. >> a new device developed for the iphone can tell you whether it is safe to drive after you have consumed alcohol. the breathalyzer attached to your iphone and shows if you are over the local blood alcohol limit. if you are, it gives you transportation alternatives. it is for anyone who has had beer or wine and wants to be responsible drivers. no word, yesterday, when it will hit the market. i am thinking it is great...but if you think you need to test yourself you probably don't need to drive. >> better safe than sorry. >> as you hit the roads this morning, fog will be your issue. >> we will check with mike nicco >> at the bay bridge, no fog. golden gate bridge, a little bit. san rafael, richmond, not much there. san mateo bridge, wat
could be due to the tough economy over the past few years requiring more income for families. >> we get a first look at the new prim issue of "vogue" magazine with the first lady. look at her on the cover, and in the interview she opens up about life in the white house. she responds to critic who say she and the president do not socialize enough in washington. the first lady says that she likes to spend her free time with her daughters. however, the president does joke that he and the first lady might have to start hitting nightclubs now that their daughters are getting older. >> the first couple hit the dance floor do the secret service agents have to dance around them to recollect them? >> they pull a circle around them adancing with earpieces." >> and today is pi day and kids will be celebrates. >> celebrating sunshine, a lot of it with thick are high clouds and the high pressure is moving off to the east so it will not be so warm as yesterday. yesterday was the warm of the day in the forecast. we have cloud cover and notice for radar return and this is all the higher clouds that are
to the airport by his friends. he flew there on economy. now next thing that happened in this country, the president is going to fly to rome to be there with pope francis known as francisco for his first mass on sunday, george. >> the pope flies economy. that's something. but one other question -- you say what he was known for is simplicity. is he that well known inside argentina? >> reporter: he's pretty well known as opposed to the other contender based mostly in rome as a diplomat. he was here and met with the people. he was a champion of the poor and he worked very hard to actually help people out in this country and that's why he actually had a pretty decent amount of notoriety here. >> matt gutman, thanks very much. >>> we turn to judge judy. in a twist she could soon be headed to court not as a judge but defendant facing tough questions about expensive goods bought at bargain basement prices. abc's abbie boudreau has the story. >> what are you, crazy. >> reporter: judge judy is used to being on this side of the bench. >> i'm still waiting for your defense. >> reporter: but the
deficit. >> a promise that this was going to be a race that would raise $1.4 billion in the economy is provide thousands of jobs. that has turned out not to be the case. san francisco taxpayers are getting left holding the bill. >>> he is lobbying ellison through an online pegs drive at causes.com. new this morning san francisco residents could see monthly garbage bills go up by more than 21% starting this summer. the company that collects the garbage is asking for six dollars more a month from the typical household. a set of 32-gallon bins would go up to just under $34 per month. apartment dwellers would pay less. a series of public hearings on the proposal begins next month with a final decision expected by summer. >> this morning pg&e says crews will be venting natural gas from a pipeline in san francisco. people in the kalhollow area may smell gas once the venting begins. police say it will last about 15 minutes. gas service will not be interrupted by the pipeline inspection work. pg&e says anyone concerned about smelling gas can call them and verify the source. the gas should q
a slow tart with worries about cyprus, a small country, small economy, but it plans to tax people's bank accounts their deposits because of their budget problems. that is raising new concerns about the stability of the european banking system and probably some worse on wall street, especially as we are up here near record highs and we are trading lower across the board and the silicon valley index down on the day so far. the fattest moving real estate market in the country shows the number homes uncontract in 24 hours or less, and the past five months, phoenix has 540 of the so-called flash sales, the most of many, and hoes is -- san jose is the 15th highest. the inventory shortage and higher buyer demand is fueling the instant sales and los angeles has more coming in at 7th and sacramento at eight. live from the new york stock exchange for your news. exchange for your news. >> the morning newsys of walking to give a breast cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the
who believe the fed will keep stimulating the economy by leaving near record low interest rates where they are. that's despite a strengthening u.s. economy and rising home prices. new this morning, the congress department announced home starts were up in february. construction rose at its second fastest pace in four and a half years and there is a positive sign for future construction as building permit requests jumped more than 4.5%. that's the most since june of 2008. >>> developing news. we're finding out more about last night's explosion in nevada that killed seven marines. ktvu's pam cook is in our newsroom to tell us exactly what happened. >> reporter: we're still trying to figure out exactly what happened but the pentagon has confirmed that at least seven marines were killed, seven others injured during a training exercise last night. it happened at the hawthorne army depot in nevada, not far from the california boder. 145 miles southeast of -- border, 145 miles southeast of re knee. it's used to -- reno. it's used to train forces. we have new video of some of the injured marin
the u.s. economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was also given a citation to appear in juvenile court. this comes a month after fema issued an alert on hash oil explosions. the government agency says explosions at homes and hotels around the country are being traced to people using butane to get the active ingredients out of marijuana. >>> in other news, senator feinstein is angry that the gun control legislation will not include an assault ban. harry reid says this will not be part of the legislation they will debate because it doesn't have the votes to pass. senator feinstein says the issue of gun control is a personal one for her. as you know,
. >>> the federal reserve said stimulus is still needed. the economy has become stronger after a pause late last year. more needs to be done. he says as long as inflation remains mild he plans to keep short term interest rates at record lows until unemployment falls to 6.5% and that's not expected to happen until 2015. >>> on wall street the comments helped drive the markets higher. the dow closed up almost 56 points. the nasdaq was up 25. the s&p was up more than 10 points. >>> growing concern over genetically engineered seafood. the significant step taken by some large u.s. retailers. >>> still a few light showers outside right now. you see the clouds. how long do they last and when do we warm up again? i'll have the time lines back in 10 minutes. l month long as one of our march featured values, the newest way to enjoy subway every day! subway. eat fresh. >>> some popular bay area supermarkets are pushing back against genetically-engineered seafood. alex savidge tells us about the safety concerns behind this growing national movement. >>> whole foods market and trader joe's are among the more
-buying stimulus continues to help the u.s. economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was also given a citation to appear in juvenile court. this comes a month after fema issued an alert on hash oil explosions. the government agency says explosions at homes and hotels around the country are being traced to people using butane to get the active ingredients out of marijuana. >>> in other news, senator feinstein is angry that the gun control legislation will not include an assault ban. harry reid says this will not be part of the legislation they will debate because it doesn't have the votes to pass. senator feinstein says
's the view of economists who believe the fed will keep stimulating the economy by leaving near record low interest rates where they are. that's despite a strengthening u.s. economy and rising home prices. new this morning, the congress department announced home starts were up in february. construction rose at its second fastest pace in four and a half years and there is a positive sign for future construction as building permit requests jumped more than 4.5%. that's the most since june of 2008. >>> developing news. we're finding out more about last night's explosion in nevada that killed seven marines. ktvu's pam cook is in our newsroom to tell us exactly what happened. >> reporter: we're still trying to figure out exactly what happened but the pentagon has confirmed that at least seven marines were killed, seven others injured during a training exercise last night. it happened at the hawthorne army depot in nevada, not far from the california boder. 145 miles southeast of -- border, 145 miles southeast of re knee. it's used to -- reno. it's used to t
just for the sake of balance. my goal is how do we grow the economy, put people back to work and if we do that, we're going to be bringing in more revenue. if we've controlled spending and we've got a smart entitlement package, then potentially what you have is balance but it's not balance on the backs of, you know, the poor, the elderly, students who need student loan, family who've got disabled kids. >> you've been taking a lot of heat for the cancellation of the white house tours. the secret service says it costs $74,000 a week. was canceling them really necessary? >> i have to say this was not a decision that went up to the white house but what the secret service explained to us was that they're going to have to furlough some folks, what furloughs mean is people lose a day of work and a day of pay, and, you know, the question for them is, you know, how deeply do they have to furlough their staff and is it worth it to make sure that we got white house tours if it means you got a whole bunch of families depending on a paycheck who are seeing a 5% or 10% reduction in their pay. well,
questions on the economy but what investors really want to know if he's going to continue with economic stimulus. natalie? >> jackie deangelis at the new york stock exchange, thank you. >>> a routine stop gave police officers the fright of their lives. officers approached a man sitting in his parked car, said accidentally hit and killed a deer, stowing it in his trunk. the officers asked to see it, and as you saw, when they opened the trunk the young deer jumped out alive, he made a break for it, darted off to freedom in a nearby forest. surprise. still alive. go, little deer, go, go. >> oh my gosh. >> be free. a nightmare about that last night. >> meanwhile we have missed a huge story. >> it's breaking. did you know about this one? >> spring has sprung. >> look at us. >> we look like a bouquet here. >> color of easter eggs. >> a reality check. that's us right there in full color. >> that's our plaza. spring may not be in the air but it is on the plaza. we'll get outside and enjoy some of the flowers later on. >> there's still snow on the ground. i can't even believe it's spring. >> we'
jobless numbers stay about the economy. it's happened again. another carnival cruise ship in trouble. what's happened this time? >>> the markets are due for a correction at some point. but right now in early trade, the dow is looking to extend its recent winning streak to ten days, the last time it was up nine days in a row was 16 years ago. taking a live look at the big board, the dow is up 59 at 14,514. the s&p also just a few points away from its record close. right now, it is up 5 at 1516. the nasdaq is also up 10. now, the main reason for today's surge of the stock market, the labor department says the number of new jobless claims hit a five-year low last week. the government reports new claims fell to 332,000. that's down 10,000 from the week before. it's also down almost 13% since november. the drop shows fewer layoffs are creating new strengths in the job market. >>> a dream becoming a nightmare for another group of cruise ship passengers. ktvu's pam cook is in our newsroom now to tell us about more problems for carnival cruise shrine. >> about one month after that engine fire on t
when they determine the funding. they hope that this will improve as the economy improves. >> dan kerman kron 4 news. >> here is a breakdown by school districts. san francisco unified cut cut 185 jobs. oakland unified could cut 65 administrators. redwood city will have eight certify positions that may be eliminated. in fremont, san jose unified, walnut creek impala out to unify those districts say " no " pink slips have been sent out. >> national news states that just one of the problem after another for the carnival cruise lines. the conable legend is the lead issue to have troubles at sea, sunday as a technical issue with one of the ships thruster's affected is selling speed. this pessimistic, thousands of passengers on board the conable dream had to undock because of power and toilet problems. passengers were flown home at combo's expense. last weekend th conable eelation had to be escorted by a tugboat because of a mal malfunctioned in a steering system. and of course, there's a the conable tram fiasco from a month ago when passengers spend five days stranded at sea and the gu
of cypress as a way to save their economy. the proposed measures are provoking fears that the similar move may spread and cause bank runs in the other 16 nations that use the euro. the dow is down 35 at 14,478. the nasdaq is down 16. s&p down 7. >>> several tech industry analysts say apple is about to raise its quarterly dividends. they told bloomberg it could top $4 a share. that would put it in the top 20% of any publicly traded u.s. company. it would give a boost to investors who have seen their share price tumble more than 35% since september. >>> today, the faa is expected to announce its final decision son which small-to-medium airports will have their towers closed because of the sequester. early reports had concord, santa rosa, napa, san core lot and livermore as candidates in the -- san carlos and livermore as candidates in the bay area. the cuts begin next month. pilots will still be able to take off and land at the airports but instead of talking to air traffic controller, the pilots will have to talk to each other. >>> the republican party plans to change itself after what happ
.s. not charged at this point. now to the story threatening the global economy and affecting stocks here at home. outrage is growing in the small nation of cyprus. the government would seize 10% of the people's bank accounts for the bailout. banks are shut down to prevent people from withdraws their savings. >>> here at home, a computer glitch set off a panic for chase customers. when they checked the balances in their accounts, they saw this. the bank says it was there error. the problem is resolved. >> good news. i thought it was just me. >>> now to winter's blast. snow and ice hitting so much of the country. with an update of sorts, sam champion, the man we're blaming this morning. >> let's show you how much the entire eastern coast of the country, enveloped in the country. up to 10 inches of snow up to 2 feet in the mountains of new england. more than 360 storm reports in the south. most of them big, big hailstones and powerful winds. the pictures out of mississippi. the last few places to pick up snow this morning. from northern new york state to burlington, maine. the entire state of massa
on the down and with the new jobless numbers -- and what the new jobless numbers stay about the economy. it's happened again. another carnival cruise ship in trouble. what's happened this time? >>> the markets are due for a correction at some point. but right now in early trade, the dow is looking to extend its recent winning streak to ten days, the last time it was up nine days in a row was 16 years ago. taking a live look at the big board, the dow is up 59 at 14,514. the s&p also just a few points away from its record close. right now, it is up 5 at 1516. the nasdaq is also up 10. now, the main reason for today's surge of the stock market, the labor department says the number of new jobless claims hit a five-year low last week. the government reports new claims fell to 332,000. that's down 10,000 from the week before. it's also down almost 13% since november. the drop shows fewer layoffs are creating new strengths in the job market. >>> a dream becoming a nightmare for another group of cruise ship passengers. ktvu's pam cook is in our newsroom no
savings in the nation of cypress as a way to save their economy. the proposed measures are provoking fears that the similar move may spread and cause bank runs in the other 16 nations that use the euro. the dow is down 35 at 14,478. the nasdaq is down 16. s&p down 7. >>> several tech industry analysts say apple is about to raise its quarterly dividends. they told bloomberg it could top $4 a share. that would put it in the top 20% of any publicly traded u.s. company. it would give a boost to investors who have seen their share price tumble more than 35% since september. >>> today, the faa is expected to announce its final decision son which small-to-medium airports will have their towers closed because of the sequester. early reports had concord, santa rosa, napa, san core lot and livermore as candidates in the -- san carlos and livermore as candidates in the bay area. the cuts begin next month. pilots will still be able to take off and land at the airports but instead of talking to air traffic controller, the pilots will have to talk to each other.
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